JPPS.DE vs. JEST.DE
JPPS.DE (JPM USD Ultra-Short Income Active UCITS ETF USD Dist) and JEST.DE (JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc) are both Ultrashort Bond funds from JPMorgan. Both are actively managed. Over the past 5 years, JPPS.DE returned 4.29%/yr vs 2.04%/yr for JEST.DE. At a 0.02 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
JPPS.DE vs. JEST.DE - Performance Comparison
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Returns By Period
In the year-to-date period, JPPS.DE achieves a 4.50% return, which is significantly higher than JEST.DE's 1.16% return.
JPPS.DE
- 1D
- -0.14%
- 1M
- 1.51%
- 6M
- 3.43%
- YTD
- 4.50%
- 1Y
- 5.52%
- 3Y*
- 4.42%
- 5Y*
- 4.29%
- 10Y*
- —
JEST.DE
- 1D
- -0.00%
- 1M
- 0.20%
- 6M
- 1.04%
- YTD
- 1.16%
- 1Y
- 2.14%
- 3Y*
- 3.28%
- 5Y*
- 2.04%
- 10Y*
- —
JPPS.DE vs. JEST.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.50% | -6.60% | 11.60% | 1.47% | 7.22% | 8.57% | -6.84% | 5.86% | 9.22% |
JEST.DE JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc | 1.16% | 2.61% | 3.93% | 3.33% | -0.45% | -0.39% | -0.19% | 0.19% | -0.35% |
Correlation
The correlation between JPPS.DE and JEST.DE is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2018 | 0.02 |
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Return for Risk
JPPS.DE vs. JEST.DE — Risk / Return Rank
JPPS.DE
JEST.DE
JPPS.DE vs. JEST.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPM USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.DE) and JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc (JEST.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| JPPS.DE | JEST.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -4.36 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.84 | -0.65 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 5.65 | -3.69 |
| Martin ratioReturn relative to average drawdown | 4.74 | 29.32 | -24.58 |
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Drawdowns
JPPS.DE vs. JEST.DE - Drawdown Comparison
The maximum JPPS.DE drawdown since its inception was -19.53%, which is greater than JEST.DE's maximum drawdown of -2.16%. Use the drawdown chart below to compare losses from any high point for JPPS.DE and JEST.DE.
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Drawdown Indicators
| JPPS.DE | JEST.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.53% | -2.16% | -17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -3.24% | -0.37% | -2.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.23% | -0.37% | -10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -11.65% | -1.32% | -10.33% |
Current DrawdownCurrent decline from peak | -4.75% | -0.04% | -4.71% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -0.42% | -6.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 0.07% | +1.26% |
Volatility
JPPS.DE vs. JEST.DE - Volatility Comparison
JPM USD Ultra-Short Income Active UCITS ETF USD Dist (JPPS.DE) has a higher volatility of 1.47% compared to JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc (JEST.DE) at 0.14%. This indicates that JPPS.DE's price experiences larger fluctuations and is considered to be riskier than JEST.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| JPPS.DE | JEST.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 0.14% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 0.55% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 0.61% | +5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 0.48% | +6.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.38% | 0.70% | +8.68% |
JPPS.DE vs. JEST.DE - Expense Ratio Comparison
Both JPPS.DE and JEST.DE have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
JPPS.DE vs. JEST.DE - Dividend Comparison
JPPS.DE's dividend yield for the trailing twelve months is around 4.04%, while JEST.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
JEST.DE JPM EUR Ultra-Short Income Active UCITS ETF EUR Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JPPS.DE JPM USD Ultra-Short Income Active UCITS ETF USD Dist | 4.04% | 4.47% | 5.12% | 4.54% | 1.19% | 0.64% | 2.07% | 2.65% | 1.77% |
Frequently Asked Questions
JPPS.DE and JEST.DE have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
JPPS.DE and JEST.DE have the same expense ratio: 0.18% per year.
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